re: Peak oil? Not yet... Trillions of dollars worth of oil(Posted by Bunk Moreland on 1/24/13 at 2:00 pm to wickowick)

What is the flow rate? Will it offset declines elsewhere? Probably not.

quote:The reports estimated the company’s 16 million acres of land in the Arckaringa Basin in South Australia contain between 133 billion and 233 billion barrels of shale oil trapped in the region’s rocks.

Why are we looking at options like this if oil is so cheap and plentiful?